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Bitly is swimming in money and growth

Bitly the official not official link shortener of Twitter despite being slammed into the ground is growing like a weed. They have announced 10,000,000$ in funding, Series B led by Pre Ventures. This funding brings them to around 15M$. They also reported there decoding around 200 million URLS a day and is, according to there stats pulled from Google, the 69th most visited site on the web. This kind of came out of nowhere as there is some arguing going on over the .ly domain which is the Libyan top-level domain. Libya has recently caused problems like shutting down vb.ly Blogger Violet Blues link shortener down for having “offending content” which makes no sense because link shorteners have no content. Even though the blog was cut off for offensive to Islamic culture there is no doubt Libya may decide to look at bit.ly links and decide to shut them down for the same reason. Here is a chart showing bitlys growth,

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